Amundi has established a new investment in Dakota Gold Corp. (AMEX:DC) during the first quarter, as disclosed in the company’s latest 13F filing with the SEC. The institutional investor purchased 1,025,000 shares, representing a value of roughly $2.70 million. Following this acquisition, Amundi now holds a 1.03% stake in Dakota Gold.
Other institutional players also made moves in Dakota Gold during the same period. Anson Funds Management LP initiated a position worth about $464,000, while Walleye Capital LLC added 144,000 dollars’ worth of shares. EntryPoint Capital LLC contributed $52,000 in new holdings, and American Century Companies Inc. invested $169,000. Nuveen LLC also purchased shares totaling $738,000. Collectively, institutional investors own 37.41% of Dakota Gold’s outstanding shares.
Dakota Gold Shares Rise 1.9%
On Monday, Dakota Gold shares rose $0.09, reaching $4.90, with trading volume at 1,245,811 shares—well above the average of 618,880. The company’s market capitalization stands at $550.49 million, with a P/E ratio of -11.95 and a beta of 1.13. Over the past year, the stock has traded between $2.05 and $5.15. Its 50-day moving average is $4.12, while the 200-day average sits at $3.46.
Analysts Update Price Targets
Equity analysts have recently adjusted their outlooks for Dakota Gold. BMO Capital Markets reaffirmed an “outperform” rating and raised its target to $9.00 from $7.50 in a report published on July 10. Canaccord Genuity Group set a $12.00 price objective on June 3. Overall, according to MarketBeat.com, the stock carries a consensus “Buy” rating with an average target price of $10.50.
About Dakota Gold Corp.
Dakota Gold Corp. focuses on acquiring, exploring, and developing mineral properties across the U.S., with an emphasis on gold deposits. The company fully owns several properties in South Dakota’s Homestake Mining District, including Blind Gold, City Creek, Tinton, West Corridor, Ragged Top, Poorman Anticline, Maitland, South Lead/Whistler Gulch, the Barrick Option, Richmond Hill, and Homestake Paleoplacer properties.
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